Bulova was founded in 1875 in New York City by Jos

Bulova was founded in 1875 in New York City by Joseph Bulova, a Czech immigrant and jeweler. During the 1970s, Bulova had a short joint venture with Citizen to make watches for sale in Asia. In 1973, Bulova's status as an independent company ended when Gulf & Western Industries, Inc. bought a large share in the company. It sold its 26.8 percent interest in 1976 to Stelux Manufacturing Co., a Hong Kong watch components maker seeking a U.S. outlet for its goods. In 1979, Stulux sold its holding in Bulova to Loews Corp., which by 1984 owned 95 percent of Bulova's common stock. It purchased the last 3 percent in 2005.

Acquisition History. On June 23, 1989, Bulova Systems and Instruments Corporation, a New York corporation ("BSIC" acquired (the "Hamilton Acquisition" all of the issued and outstanding capital stock of Hamilton Technology, Inc., a Delaware corporation ("HTI", pursuant to a Stock Purchase Agreement dated such date (the "Hamilton Agreement" among BSIC, General Defense
Corporation, a Pennsylvania corporation ("GDC" and Olin Corporation, a Virginia corporation ("Olin". On January 29, 1990, the corporate name of BSIC was changed to Bulova Technologies, Inc. ("BTI". HTI was merged with and into BTI
on or about January 1, 1991. Except as set forth on Schedule 2.5, BTI has not used, since January 30, 1990, any other corporate or trade name, nor registered to do business under any other name.